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Cupandhandlepattern

JD.com - cup and handle formation - educationalHi, I was looking at Jd.com chart on weekly and monthly timeframes and came across the lovely breakout from cup and handle formation on weekly TF. We can see, it look about 8 to 9 months for the cup formation and another 6 months for the handle. Once the pattern was completed, we could assign an upward target to price on successful breakout. As shown in the chart the target price was an upward move of about 12.57 USD above breakout levels and we are nearly there with the price. Its interesting how weekly charts reduce ambiguity and keep noise out of the market. Investing is a mindset game and not for the faint hearted. Once you have taken a position, then let it roll till it breaches your investment plan/ or there is merit in altering your initial investment rationale. Hope this is of interest, please share a thumbs up if you like what you read and share a comment in case you have also seen any such patterns play out.
NASDAQ:JDEducation
by LoveForCharts
How I Made Money On A CUP AND HANDLE Pattern (QLCBTC)Dear Friends :) This is an educational post about the Cup and Handle pattern. I have noticed, that many people tend to misinterpret how it works. This is from an actual trade I made yesterday, which I made a bit of money on. Normally we want the following for a Cup and Handle Pattern to be valid: 1. We want the cup to be an U-shape and not V-shape. Check! 2. We want the cup not to be too deep and the same with the handle. Check! 3. We want low volume on the handle. NOT check! 4. It is usually a continuation pattern, which means, that we normally want to be in a prior uptrend when it occurs. Check! So as you can see, that we come from a prior uptrend, its a pretty nice U shape, not deep, the same with the handle, a steep downtrend on the handle. So everything except the big volume (brown circle) made this valid. So even though everything doesn't match 100 percent you can still enter a trade, if let's say other indicators also shows positive signs. Determine Targets A profit target is determined by measuring the distance between the bottom of the cup and the pattern’s breakout level, and extending that distance upward from the breakout. In this case I used Elliott Wave theory to determine it though. Please leave a LIKE for this educational post! Thank you so much, my friend :) D4 Loves You <3
QEducation
by D4rkEnergY
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